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Nio Stock Rises as Goldman Says Selloff Ignores Improving Fundamentals
Nio shares traded about 2.5% higher in Monday’s pre-market session at $4.90, after closing flat at $4.78 on Friday, as Goldman Sachs lifted the stock to Buy and pointed to a turnaround it argued the market had failed to price.
Analyst Tina Hou raised her rating on Nio to Buy from Neutral while keeping a 12-month target of $7.00 for the American depositary shares and HK$55 for the Hong Kong line, implying an upside of 46% and 42% respectively.
The move completes a full round trip for the bank, which had carried Nio on its Sell list as recently as June 2025 before a series of upgrades tracked the company’s return toward profitability.
NIO gains after Goldman Sachs turns bullish on its earnings potential (NIO:NYSE)
NIO (NIO) tracked higher in Monday morning trading after Goldman Sachs upgraded the Chinese electric vehicle maker to a Buy rating after having it slotted at Hold.
Analyst Tina Hou and her team expect NIO (NIO) to not only
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